Action Realty McNairy
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$475,000

1844 Cowden

Memphis, TN 38104
3Beds
2Baths
1915Year Built

About this property

$47,000 in gross net income from this property alone. Downstairs unit is beautifully updated 3 bedroom, 2 baths, with gorgeous kitchen, large dining room, living room with non function but cozy fireplace. Downstairs is fully occupied with Lease until May 2027 paying $2650 per month. Upstairs is large one bedroom *could be 2, and one bath, enormous kitchen. Upstairs occupied with one year lease (Feb 2037) at $1300. Replaced roof 2023 as well. This property (both units) has not ever been vacant. Great turnover. Landlord pays for water and yard but each unit has their own meter and tenants pay for gas and electric. Seller has 525 Rienzi for sale as well and can sell both as portfolio for $$850k

Property details

MLS #
10214593
Type
Residential
County
Shelby
Listed
2026-02-13
Map
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Listing courtesy of Ware Jones, REALTORS · 901-450-4011 · © 2026 Memphis Area Association of REALTORS®

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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.

Listing data last updated Jun 10, 2026 8:30 AM.